AZ HB2714

Creates a tax credit for taxpayers who allow a family member released from a federal or state correctional facility or juvenile detention center to reside in their residence, effective for taxable years beginning after December 31, 2023.

Credit amount is $300 for single individuals or heads of household, and $600 for married couples filing jointly.

Married couples filing separate returns may each claim only one-half of the credit that would have been allowed on a joint return.

Unused credit amounts may be carried forward for up to five taxable years if the credit exceeds taxes owed or no taxes are due.

Adds section 43-1080 to Arizona Revised Statutes and schedules the credit for legislative review in years ending in 3 and 8.